Philippines GDP Expands 1.5% QoQ in Q4 2013

In the fourth quarter of 2013, Philippines GDP advanced 1.5 percent over the previous quarter, slightly up from a revised 1.3 percent in the previous three-month period and boosted by the industrial production.

Both the agriculture sector and the services sector grew by 0.7 percent, slowing from 0.8 percent and 1.6 percent, respectively in the previous quarter. 

In contrast, the industry surged 3.2 percent, accelerating from a 0.3 percent growth rate in the previous three-month period, boosted by the manufacturing sector. 

The GNI rose 1.4 percent qoq in the last quarter of 2013. Year-on-year, the economy expanded 6.5 percent in Q4 2013, down from 6.9 percent in the previous quarter. 

Full 2013 GDP expanded 7.2 percent. Before Typhoon Haiyan, the government expected growth in 2013 to reach 7.3 percent.

Philippines GDP Expands 1.5% QoQ in Q4 2013

National Statistical Coordination Board |Joana Taborda |
1/30/2014 1:07:16 PM